Property for Sale in Panama Offers Excellent Potential for Commercial or Residential Use

Panama Wave S.A., a company dedicated to increasing public awareness and the economic development of the Lake Bayano area of Panama, announces a one-of-a-kind waterfront property for sale at Lake Bayano. This property offers great potential for residential and business use.

Panama Wave S.A., a company committed to the preservation and sound economic development of Lake Bayano, Panama, announces a waterfront property for sale at the Lake. This land parcel is a prime Lake front property that offers tranquil surroundings and a beautiful view on a bluff overlooking the Lake. The property also comes with protected boat access, suitable for fishing or boating enthusiasts.

This Panama property for sale has a lot size of 43,740 square meters (about 10.8 acres). It has access to a paved road, as well as water and electricity. It is less than an hour and a half drive from the Panama City metropolitan area, home to half of Panama’s population and the great majority of its wealth, and is an especially easy trip from the rapidly growing high-income residential areas already open or under construction to the east of the city.

For people arriving at Panama’s Tocumen International Airport, travelling to the Lake Bayano area takes an hour. There’s no need to cross the Panama Canal or the city’s congested traffic to reach Lake Bayano. The Lake’s location offers easy access to Panama City’s most important shopping mall, the MultiPlaza, and the best hospitals in Panama – Punta Pacifica (an affiliate of Johns Hopkins in the US) and the Paitilla Medical Center, all located at the eastern end of the city.

Lake Bayano is a man-made Lake created in 1979 for the purpose of supplying water power to a hydroelectric plant. The Lake is home to plenty of tilapia fish.  No one goes hungry at Lake Bayano! It is also home to hundreds of bird and animal species, including some that are distinct to Panama.  In addition, Lake Bayano offers the beautiful Bayano Caves, a growing tourist attraction to both international tourists and residents.

Lake Bayano is located in an area where substantial oil and natural gas reserves have been found. According to the general manager of Panama Wave S.A., this is not expected to directly affect the Lake but will bring attention and interest to the Lake, providing a substantial positive impact on land values.

Presently, the property for sale at Lake Bayano is the only fully titled land available in the area with lake frontage access to a paved road and access to utilities and other amenities. “If you can find beautiful, fully titled waterfront within an hour and a half of Panama’s dominant market for less than $6 a square meter, buy it. The potential for return on investment is absurdly better than buying undeveloped waterfront further from Panama City for 15 to 30 times as much per square meter.  In addition to being an excellent property for a residence or residences, the commercial opportunity is clear.  It is just down the road from Bayano Adventure, the first tourist facility at the Lake.  Bayano Adventure provides lake tours, cave tours, horseback riding, camping and a variety of tourist activities, but has no overnight or restaurant facilities.  The potential for commercial synergy and the creation of the ‘go to’ tourist area at the Lake is huge”, says the official spokesperson of Panama Wave S.A.

The 43,740 square meter property for sale at Lake Bayano, Panama is priced at $240,000, which is equivalent to less than $5.50 per square meter (about $22,000 an acre). Interested parties may visit http://www.Lakebayano.com/properties/ or call (+507 country code) 6529-0655 (cell) or 399-9155 (land line) for details.

About Panama Wave S.A.

Panama Wave S.A. is a company that owns and operates the websites Lakebayano.com and LagoBayano.com, as well as other Panama websites currently under construction. The company aims to preserve the Lake and increase public awareness of this unique area in Panama while encouraging the Lake’s successful economic development. 

Contact Information

Panama Wave S.A.

http://www.Lakebayano.com

[email protected]